Maywood, Burnaby - October 2026 Real Estate Report
Maywood, Burnaby: Your Assessment Is Lying to You (In a Good Way)
If you own a home in Maywood and you have not looked at your HonestDoor Price lately, you are probably sitting on a lot more than you think. The city's assessment number is one thing. What your property is actually worth in the real world is a very different story.
The Vibe: What Is Actually Happening on Our Streets
Maywood is a neighbourhood where the numbers tell two different stories depending on whether you own a house or a condo. Here is the honest breakdown for us locals.
Houses in Maywood
If you've been watching the "For Sale" signs in Maywood, here's what's actually happening with houses. The market is taking a breather. The average HonestDoor Price sits at $1,378,774 - that's down 2.39% from the previous period. But before you panic, zoom out. That number is still 33.62% above the city's average assessed value of $1,031,880. The gap between what the government thinks your house is worth and what a buyer would actually pay is enormous.
Recent sales are averaging $1,110,000 with a price per square foot around $839. The predicted market value of $1,416,613 is actually creeping up past the 3-month moving average of $1,408,814, which is a quiet signal that momentum has not disappeared. Only 1 house sold recently, so we are working with a thin market - which means pricing strategy matters more than ever.
- Average HonestDoor Price: $1,378,774
- Average Assessed Value: $1,031,880
- HonestDoor Price vs. Assessment: +33.62%
- Average Sale Price: $1,110,000
- Price Per Square Foot: $839
- Predicted Market Value: $1,416,613
- Estimated Monthly Rent: $5,216
- Rental Yield: 4.46%
- Neighbourhood Leaderboard - Growth Rank: 12 out of 36 in Burnaby (above average)
- Neighbourhood Leaderboard - Price Rank: 22 out of 35 in Burnaby (below average)
On the rental side, $5,216 a month with a 4.46% yield is a solid return for anyone holding a house here as an investment. Compared to nearby Marlborough where houses sold for around $900,000, Maywood houses are actually coming in higher on recent sales. That is worth noting.
Condos in Maywood
The condo story in Maywood is genuinely interesting. We rank number 1 in Burnaby for total condo transactions in 2026 - 83 sales. That is not a quiet market. That is one of the busiest condo neighbourhoods in the entire city.
The average HonestDoor Price for condos is $1,195,501, up 2.84% from the previous period. The assessed value average is $744,661. That means the HonestDoor Price is running 60.54% above assessment. If you own a condo in Maywood and you are still thinking about it in terms of your tax assessment, you are significantly undervaluing what you have.
The short-term picture shows a slight dip - the predicted value of $1,162,486 is just under the 3-month moving average of $1,164,867, and recent value change is -2.08%. The market is not falling apart, but it is cooling slightly right now.
- Average HonestDoor Price: $1,195,501
- Average Assessed Value: $744,661
- HonestDoor Price vs. Assessment: +60.54%
- Average Sale Price: $686,421
- Price Per Square Foot: $792
- Predicted Market Value: $1,162,486
- Estimated Monthly Rent: $4,257
- Rental Yield: 3.20%
- Total Transactions in 2026: 83 (Rank 1 in Burnaby)
- Neighbourhood Leaderboard - Growth Rank: 24 out of 37 in Burnaby (below average)
- Neighbourhood Leaderboard - Price Rank: 9 out of 26 in Burnaby (above average)
Compared to nearby neighbourhoods, Maywood condos are priced higher than Garden Village, Marlborough, and Suncrest. We are above average on price in Burnaby. The trade-off is that growth is sitting below average right now. High price, slower growth - that is the honest picture.
The Secret Sauce: Why Your HonestDoor Price Is the Number That Actually Matters
Here is the thing about BC Assessment numbers. They are calculated once a year using data that is already months old by the time it lands in your mailbox. The market does not wait for that schedule. Prices move, sales happen, and neighbourhoods shift - all while your official assessment sits frozen in time.
The HonestDoor Price is updated in real time using actual market activity. For houses in Maywood, that means the real-world number is $346,894 higher than what the assessment says. For condos, the gap is $450,840. Those are not rounding errors. That is real equity that a static government document is not showing you.
If you are making any financial decision - refinancing, selling, even just understanding your net worth - the HonestDoor Price is the real-world check you need. The assessment is a starting point for your tax bill. The HonestDoor Price is what a buyer would actually put on the table.
The So What: Thinking About Selling This Summer?
For house owners, the timing question is real. The HonestDoor Price dipped 2.39% recently, but the predicted value is still climbing past the 3-month average. That suggests the dip may be short-lived. With only 3 total transactions in the neighbourhood in 2026, inventory is tight. Tight inventory with motivated buyers is generally good news for sellers. You are not competing against a flood of listings.
For condo owners, the volume of activity here - 83 transactions and a rank of 1 in all of Burnaby - means buyers are actively looking in Maywood. The slight recent price softness of -2.08% is worth watching, but it has not scared buyers away. If you price sharp and move before the fall, you are selling into one of the most active condo markets in the city.
Either way, the single most important thing you can do before you call an agent is check your HonestDoor Price. Know your real number. Not the assessment. Not what your neighbour guessed over the fence. The actual, current, data-backed figure - because in Maywood right now, that number is almost certainly higher than you think.
maywood | burnaby | october 2026This information is all based on our opinions based on the information available to us. Everyone's situation may be different and you should reach out to us for more personalized information.